Showing 1 - 6 of 6
Many conditions have been introduced to weaken the continuity re-quirements for equilibrium existence in games. We introduce a new con-dition, called regularity, that is simple and easy to verify. It is implied both by Reny's better-reply security and Simon and Zame's endogenous sharing rule...
Persistent link: https://www.econbiz.de/10003886176
Persistent link: https://www.econbiz.de/10009266947
Persistent link: https://www.econbiz.de/10003423979
Persistent link: https://www.econbiz.de/10003675774
Persistent link: https://www.econbiz.de/10011777059
Discontinuous games, such as auctions, may require special tie-breaking rules to guarantee equilibrium existence. The best results available ensure equilibrium existence only in mixed strategy with endogenously defined tie-breaking rules and communication of private information. We show that an...
Persistent link: https://www.econbiz.de/10013075634